Spot market power price remains flat at Rs 2.32 per unit in Dec

The Day-Ahead Market at India Energy Exchange witnessed transactions of 3101 million units in December despite low demand due to the cold wave in North and congestion in Inter-State Transmission Network.

ET Bureau|

Updated: Jan 03, 2017, 06.46 PM IST

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New Delhi: Spot market power price remained flat at Rs 2.32 per unit last month, same as the previous month and about 10% less over prices of Rs. 2.56 per unit in December, 2015.

The Day-Ahead Market at India Energy Exchange witnessed transactions of 3101 million units in December despite low demand due to the cold wave in North and congestion in Inter-State Transmission Network, an official statement said.

With the average daily purchase bid of 119 MUs and average daily sell bids of 229MUs, the market remained highly liquid and thus the prices were buyer friendly. Large industrial consumers consumers were key buyers in the market followed by distribution companies, it said.

Unavailability of transmission corridor continued to be a deterrent and led to market splitting and price variations.